Why should I get financial services insurance?

The financial services industry is a very important one as it helps to ensure people all over the country are able to reach their financial goals. For those that are in the financial services industry, there is a lot of opportunity for success due to the demand for these services. Those that are in this industry in the Oklahoma City, OK area should get proper insurance. There are several reasons why someone should get a financial services insurance plan here. 

Professional Liability Coverage

An important reason to get a financial services insurance plan is so you can receive professional liability coverage. Those that are in this industry could face a liability claim if they are determined to be at fault due to negligence or other issues and it results in a loss for a customer. If you have a financial services insurance policy, it will give the coverage needed to offset this risk.

Coverage for Business Assets

You will also want to have a financial services insurance plan to cover your business assets. A financial services firm will own a variety of assets that are needed to provide good service to their customers. This can include office furniture, electronics, and other items that require a major investment. A full insurance plan will give the protection needed to repair or replace these assets if there is an incident of theft or something else that results in a loss. 

If you are in the financial services industry in the Oklahoma City, OK area, having financial services insurance is very important. When you are looking for this insurance here, it would be helpful to speak with Freeland Insurance. The insurance professionals at Freeland Insurance understand the importance that comes with this type of coverage. They can offer you the guidance that you need to choose a new plan that meets your needs. 

Who Needs Umbrella Insurance in Oklahoma City, OK?

If you are wondering how to get umbrella insurance in Oklahoma City, OK, it might help to go to an insurance company for answers to your questions, such as Freeland Insurance.

If you are wondering if you are in need of umbrella insurance in Oklahoma, you should look into what it can do for you. It is a great way to ensure extra protection for your assets. If the liability limits on your auto insurance, home insurance, and other insurance policies are exhausted, this is when umbrella insurance policies can take over and give you the additional protection that you need. Many people may not want to get umbrella insurance because of the extra expense, but if you end up needing it, the benefits will definitely be well worth the cost.

There are certain things that could happen that could require more than your liability limits on your other insurance policies. For example, if there is an accident on a rental property of yours or your dog bites someone’s child, your current liability limits may not be enough to cover your expenses. In this case, an umbrella insurance policy would be extremely useful, and you would end up being grateful that you had one even if you had to spend some extra money to have it. An umbrella insurance policy can give you a second layer of protection of up to about $1,000,000, although higher limits could be available as well.

If you are a resident of Oklahoma City, OK and you are interested in learning more about umbrella insurance in your area, you should feel free to contact the professionals at Freeland Insurance. They will be able to answer any questions that you might have and perhaps point you in the right direction when it comes to choosing a policy for yourself.

4 Common Myths About Flood Insurance

4 Common Myths About Flood Insurance

Floods are the most common and most expensive natural disasters in Oklahoma City, OK. They can destroy properties worth billions in minutes. The good news?

You can always buy flood insurance that helps protect your home, commercial property, and personal belongings, but before then, you need to be adequately informed about flood insurance. At Freeland Insurance, we will help you distinguish between myths and facts about flood insurance.

#myth 1: Homeowners insurance covers floods

Many people buy home insurance and assume that all water damage is covered in the policy. Flood water damage is not covered by home insurance but under flood insurance. However, the water damage that is not directly caused by floods, like leaking pipes or broken taps, home insurance can help cover the damage or loss.

#myth 2: You don’t need flood insurance if you live in a low-risk flood area

You should never underestimate flood damage in Oklahoma City, OK. Freeland Insurance experts advise everyone to have flood insurance even if their area is marked as a low-risk area. The Federal Emergency management agency FEMA reported that 20 percent of flood insurance claims come from properties in low or moderate-risk areas.

#myth 3: It’s best to buy flood insurance during the rainy season

Some people wait until water levels start to increase and rush to buy flood insurance. If you wait, you stand to lose as flood insurance matures after 30 days from the date of purchase.

# myth 4:  Flood maps don’t change

Flood maps change due to many reasons, such as community growth and expansion. New buildings, changes in drainages, and weather conditions. It’s always a good idea to check the map every few years to determine how your area is marked.

Please don’t wait till they strike your home to buy flood insurance. Let Freeland Insurance help you find a policy that puts your interests first. Feel free to call us or drop by for a little chat about your policy.

Three common misunderstandings about health insurance to be aware of

There are a lot of common misunderstandings out there about health insurance. We are a provider of health insurance in Oklahoma City, OK at Freeland Insurance. 

The following are three common misunderstandings about health insurance to be aware of.

Health insurance is not necessary for those who are in good health.

It’s important for everyone to be covered under a health insurance policy. You may be in good health today, but you never know when your luck can change and you can suffer from a serious medical condition in the future. 

With health insurance, you know you will be able to get the health care you need if you become sick in the future. 

Health insurance will require me to pay a lot out-of-pocket. 

There are a lot of different health insurance plans out there with varying terms. You can find plans that require very little to be paid out-of-pocket if you need treatment. However, as a general rule the less you pay out-of-pocket, the more your monthly premiums are. 

All health insurance plans are more or less the same. 

Nowadays, there are all different kinds of health insurance plan out there to choose from. That’s why it’s more important than ever to really do your research. Health insurance plans these days tend to be closely tailored to the unique needs of individual consumers.

When you’re on the market for health insurance, explore available plans and understand the differences between them before you make a decision. 

Would you like to learn more about health insurance in Oklahoma City, OK? You can get in touch with us at Freeland Insurance to learn more about health insurance and to explore your insurance options. 

Exploring The Benefits Of Financial Services Insurance

Based in Oklahoma City, OK, Freeland Insurance serves the community by helping residents find insurance coverage. We offer multiple types of policies for our clients. We strive to provide excellent customer service.

The Benefits Of Financial Services Insurance

If you are involved in the Oklahoma City, OK financial services sector, consider the benefits of financial services insurance. Financial services insurance provides a safety net to financial advisors, counselors, and stockbrokers.

Professional liability coverage is important. You’ll be protected if you are held liable for damages and allegations of fraud and negligence. Due to the importance of technology in the current financial sector, you can amend your policy to include cyber liability coverage. If you are an accountant or bookkeeper, you have access to sensitive information. If hackers were to compromise the data, that could potentially lead to huge losses. Liability coverage will protect you if hackers corrupt the data.

Financial services insurance is also an asset if you are involved in a management role, such as a director or chief officer. If you are in a management role, you are responsible for a lot of decisions on a regular basis. Liability coverage will protect you against potential allegations of slander. You will also be protected against allegations of improper handling of employee benefits. As a manager or chief officer, you help oversee everyone in the workplace. You can add employment practices coverage to protect you if you are engaged in a wrongful termination or sexual harassment lawsuit.

You can amend the policy as your business starts to grow or you are hired into a new role. Financial services insurance policies are flexible enough to change as your role changes and you face new threats. While you strive to adhere to all of the laws, financial services insurance will help protect your interests.

Consult With Freeland Insurance

Visit our website to learn more information about financial services insurance.  

A Look At 7 Benefits Of Umbrella Insurance

Based in Oklahoma City, OK, Freeland Insurance assists the community by helping residents find the insurance coverage that they need. We strive to make sure that our clients receive excellent customer service. As an independent agency, we have established positive relationships with multiple carriers throughout Oklahoma.

7 Benefits Of Umbrella Insurance

Umbrella insurance acts as a safety net to protect you during the threat of a liability issue. Without having umbrella insurance, your personal assets may be at risk in the event of a liability dispute. Umbrella insurance is an asset because it could potentially prevent a disaster from happening. Here is a look at some other benefits of umbrella insurance.

Your Accessories Are Covered

If you have accessories on your property such as a swimming pool or trampoline, one mistake can cause potentially serious injuries. Umbrella insurance covers you if someone is injured while swimming in your pool or playing on your trampoline.

You Are Covered If You Host

If you host a lot of parties, there are a lot of risks associated with gathering a lot of people together. Umbrella insurance will cover you if someone gets injured at the party.

You Are Learning How To Drive

As you start to gain driving experience, there is a chance that an accident may occur. Umbrella insurance will cover you if you are held liable for damages.

You Are A Blogger

Sometimes stating your opinion on the internet may get you in trouble. Umbrella insurance covers you if your remarks cause someone harm.

You Own A Sports League in Oklahoma City, OK

Umbrella insurance can protect you if a fan is injured at one of your sporting events.

You Have Pets

If your pet accidentally bites someone out of anger, umbrella insurance will protect you.

You Have Employees

If one of your employees alleges serious charges, umbrella insurance will cover you.

Consult With Freeland Insurance

Visit our website today to learn more information about umbrella insurance.

Understanding Flood Insurance

Oklahoma City, OK residents who need flood insurance but don’t know where to begin should reach out to one of the skilled professionals at Freeland Insurance. We’ll help walk you through the process of understanding flood insurance, including the following: 

Contents Coverage and Property Coverage are Different
It’s important to note that the insurance coverage for any building that you own and the insurance coverage for any property inside of that building is different. You’ll need coverage to cover both your individual property and the building, appliances, carpeting, and more. This also means that it’s possible for renters to carry flood insurance, it just needs to be contents coverage. An insurance agent can help you sort out the differences, so that you know for sure that the specific items you’re most concerned about are covered by the insurance policy that you purchase. 

Many Providers Have a Thirty Day Waiting Period
Many providers that offer flood insurance have a waiting period of up to thirty days for coverage. This means that you’ll need to be covered well before any type of flood, storm, or other natural disaster. If you live in an area where flooding is common, be sure to purchase your coverage in a timely fashion so that you’re thoroughly covered when a flood occurs and you need it most. 

Homeowners’ Policies Typically Exclude Floods
Many basic homeowners’ policies do not include flooding damage. If you live in an area that’s prone to flooding, storms, or hurricanes, it’s important that you purchase this extra insurance before you need it, so that you’re covered in the event of a natural disaster. Otherwise you could be responsible for a larger bill than you can easily manage. 

Don’t be left without flood insurance when you need it most. Contact a friendly professional at Freeland Insurance to learn more about the precise coverage you need. We service the Oklahoma City, OK area and are happy to schedule an initial appointment with you at your earliest convenience. 

The Benefits of Private Health Insurance

Choosing whether to rely wholly on the public health insurance system or take out a personal health insurance policy is not a straightforward process. However, the premiums that come with private health insurance will bring you these valuable benefits:

Access to a Private Room

In a public hospital, you will most likely be placed in a room with four to eight other patients with varying conditions. With private insurance from Freeland Insurance, you can request a private room, which, if available, will allow you to ail in private. A private ward can also let your partner stay with you in case you’re expecting a child.

Excellent Dental Care

Dental procedures are generally not covered by Medicare; not even basic treatments like clean and scale. You will, therefore, have to choose between an expensive private dentist’s office or state-run dentists’ offices with long waiting lists. On the other hand, a private health cover will cater to part or all of the cost of dental treatments, from check-ups to major procedures like root canals.

Shorter Waiting Times

If you require a surgery that is essential but not life-threatening, for instance, a hip replacement, you will not have to wait long to have it done. Most public facilities in Oklahoma City, OK have long waitlists as the specialists are often overwhelmed. With private insurance, you can obtain services in a less-busy private facility of your choosing.

You Can Choose Your Doctor

In the public system, the doctor or surgeon that attends to you is the one on call. However, if you have seen the same specialist for a while and would like to see them, you can see them in a private healthcare facility.

Freeland Insurance offers private healthcare insurance for clients in Oklahoma City, OK. Visit their website today for more information.

What types of life insurance are available for me?

Those that live in and around the city of Oklahoma City, OK need to make sure that they have proper insurance coverage. One form of insurance coverage to take seriously is life insurance. There are a variety of different options to consider when you are looking for a new policy. 

Term Life

A very popular life insurance option that a lot of people choose is term life insurance. When you get this form of insurance, you are able to build an insurance policy that is right for you and your situation. This will include the amount of coverage that you need and for how long you need it. In many cases, the premiums for a term life policy can be more affordable than those with other forms of life insurance.

Whole Life

Another option that you have is whole life insurance. As opposed to having coverage for only a specific period of time, you can get a whole life insurance policy that will remain in effect for the rest of your life. When you get this type of insurance, you can also use it as a conservative investment option. When you make a payment, a portion of the payment will build and accrue in an account that you can liquidate or post as collateral in the future.

There are clearly many options available when you are looking for life insurance. Due to this, it is important that you fully understand all of your options. When you are looking for this type of insurance coverage, you should speak with the team at Freeland Insurance. The insurance team at Freeland Insurance can help anyone in the Oklahoma City, OK area better understand their options and build a policy that is ideal for their situation.

Do You Need Commercial Insurance Before Starting a Business?

Are you planning to start your own business? There definitely are many things you’ll have to do to be prepared so you don’t run into any trouble. You should think about commercial insurance and get help from a reputable agency such as Freeland Insurance of Oklahoma City, OK.
General Liability Insurance
This is the basic insurance that most businesses should have. It protects a business from claims arising due to property damage, advertising and personal injury, as well as bodily injury. It can be used for lawsuits, coverage if there’s been damage to others’ property, and if customers become injured.
Workers’ Compensation Insurance

If you have 5 or more employees who are not related by blood, your business will need to carry workers’ compensation insurance. This will cover any injuries that happen on the job and provide the cost of medical care, lost wages, and more. It also can be used in the instance that a worker’s family decides to sue your company and will cover legal costs.
Other categories that fall under crucial business insurance include the following:

  • Commercial auto insurance (if you use a vehicle(s) primarily for business purposes, will have employees driving them, etc.)
  • Commercial property insurance (covers not only your place of business but any property used in business activities such as tools, machinery, furniture, etc.)
  • Commercial flood insurance (this is ideal if you’re located in an area that’s at risk for flooding)
  • Business insurance packages are great if you would benefit from having a bundled group of basic policies

The information out there on commercial insurance be a lot to process. Make it easier by contacting Freeland Insurance, which serves the Oklahoma City, OK area. You’ll be pleased when you see the results.